Inflation Eases - Hits Lowest Level Since 2021

CPI rose 3.4% in April from a year ago, the Labor Department said Wednesday. So-called core prices that exclude volatile food and energy items climbed 3.6% annually, the lowest increase since April 2021. Both figures were in line with economists’ expectations.

Investors saw positive signs in the report that the Federal Reserve’s inflation fight is gradually slowing down the U.S. economy. The yields on 10-year Treasurys, which fall as prices rise, ticked lower. Stocks advanced, continuing their march higher in May. Still no Sell in May

Meanwhile when you actually measure inflation .... increases over last 4 years...

CPI Medical Care: +9.1%

CPI Apparel: +13.0%

US Wages: +16.1%

CPI New Cars: +21.3%

CPI Food at home: +21.5%

CPI Shelter: +22.4%

CPI Food away from home: +25.9%

CPI Used Cars: +30.9%

CPI Electricity: +31.2%

CPI Gas Utilities: +33.7%

CPI Transportation: +41.5%

Actual Home Prices: +46.4%

CPI Fuel Oil: +72.7%

CPI Gasoline: +91.2%